Schedule of Portfolio Investments

Limited Duration Fund

November 30, 2022 (Unaudited)

 

 

Shares or
Principal
Amount
   Security Description  Value
         
Asset Backed Securities (33.2%)    
$145,342   Bayview Financial Mortgage Pass-Through Trust, Series 2005-C, Class M3, 4.68% (US0001M + 98 bps), 6/28/44, Callable 12/28/22 @ 100*  $144,899 
 570,718   CDC Mortgage Capital Trust, Series 2002-HE1, Class A, 4.66% (US0001M + 62 bps), 1/25/33, Callable 12/25/22 @ 100*   557,047 
 511,415   CIT Mortgage Loan Trust, Series 2007-1, Class 1A, 5.37% (US0001M + 135 bps), 10/25/37, Callable 7/25/23 @ 100*(a)   507,581 
 9   Citigroup Mortgage Loan Trust, Inc., Series 2005-WF1, Class A5, 5.01%, 11/25/34, Callable 12/25/22 @ 100*(b)   8 
 651,676   CLI Funding VIII LLC, Series 2021-1A, Class B, 2.38%, 2/18/46(a)   539,388 
 228   Countrywide Asset-Backed Certificates, Series 2002-S1, Class A5, 5.08%, 5/25/32, Callable 12/25/22 @ 100*(b)(c)   226 
 1,347,475   Driven Brands Funding LLC, Series 2019-2A, Class A2, 3.98%, 10/20/49, Callable 10/20/24@ 100*(a)   1,194,464 
 806,000   Flexential Issuer, Series 2021-1A, Class A2, 3.25%, 11/27/51, Callable 11/25/25 @ 100*(a)   699,855 
 457,984   Fremont Home Loan Trust, Series 2004-3, Class 10A1, 5.46% (US0001M + 188 bps), 11/25/34, Callable 12/25/22 @ 100*   337,720 
 1,303,572   Goodgreen Trust, Series 2021-1A, Class A, 2.63%, 4/15/55, Callable 10/15/38 @ 100*(a)   1,071,840 
 345,000   Hi-Fi Music Ip Issuer II L.P, Series 2022-1A, Class A2, 3.94%, 2/1/62, Callable 1/2/23 @ 100*(a)   309,035 
 19   IMC Home Equity Loan Trust, Series 1998-1, Class A6, 7.02%, 6/20/29(b)(c)   18 
 773,225   Jack In The Box Funding LLC, Series 2022-1A, Class A2I, 3.45%, 2/26/52, Callable 2/25/25 @ 100*(a)   672,283 
 31,141   Lendingpoint Asset Securitization Trust, Series 2021-A, Class A, 1.00%, 12/15/28, Callable 12/15/22 @ 100*(a)   31,086 
 196,824   NMEF Funding LLC, Series 2021-A, Class A2, 0.81%, 12/15/27, Callable 8/15/23 @ 100*(a)   193,516 
 1,544,899   NovaStar Mortgage Funding Trust, Series 2003-2, Class M2, 6.79% (US0001M + 278 bps), 9/25/33, Callable 12/25/22 @ 100*   1,547,489 
 335,120   RAAC Trust, Series 2007-SP1, Class M1, 4.90% (US0001M + 86 bps), 3/25/37, Callable 12/25/22 @ 100*   331,526 
 73,631   Residential Asset Mortgage Products, Inc., Series 2002-RS2, Class AI5, 5.05%, 3/25/32, Callable 12/25/22 @ 100*   66,416 
 1,505   Saxon Asset Securities Trust, Series 2003-3, Class AF6, 4.25%, 12/25/33, Callable 12/25/22 @ 100*(b)(c)   1,411 
 1,531,917   Sonic Capital LLC, Series 2021-1A, Class A2I, 2.19%, 8/20/51, Callable 8/20/25 @ 100*(a)   1,253,995 
 50,303   Soundview Home Equity Loan Trust, Series 2005-B, Class M2, 6.07%, 5/25/35, Callable 12/25/22 @ 100*(b)(c)   45,399 
 352,603   Structured Asset Investment Loan Trust, Series 2003-BC2, Class A1, 4.72% (US0001M + 68 bps), 4/25/33, Callable 12/25/22 @ 100*   350,399 

 

Shares or
Principal
Amount
   Security Description  Value
         
Asset Backed Securities, continued:    
$686,853   Structured Asset Investment Loan Trust, Series 2005-HE3, Class M1, 4.74% (US0001M + 72 bps), 9/25/35, Callable 12/25/22 @ 100*  $666,866 
 160,599   Structured Asset Securities Corp. Mortgage Pass-Through Certificates, Series 2004-6XS, Class A5A, 6.03%, 3/25/34, Callable 12/25/22 @ 100*(b)(c)   157,459 
 1,323,000   Taco Bell Funding LLC, Series 2016-1A, Class A23, 4.97%, 5/25/46, Callable 5/25/23 @ 100*(a)   1,269,138 
 539,696   Textainer Marine Containers VII, Ltd., Series 2020-1A, Class A, 2.73%, 8/21/45, Callable 12/20/22 @ 100*(a)   486,745 
 844,063   Wendy's Funding LLC, Series 2019-1A, Class A2I, 3.78%, 6/15/49, Callable 3/15/24 @ 100*(a)   773,663 
 646,813   ZAXBY'S Funding LLC, Series 2021-1A, Class A2, 3.24%, 7/30/51, Callable 7/30/25 @ 100*(a)   529,664 
Total Asset Backed Securities (Cost $15,454,025)   13,739,136 
           
Mortgage Backed Securities† (31.1%)     
Alt-A - Adjustable Rate Mortgage Backed Securities (0.8%)     
 79,545   Bear Stearns Alternative Trust, Series 2006-1, Class 21A2, 3.45%, 2/25/36, Callable 12/25/22 @ 100*(b)   59,871 
 9,004   Bear Stearns Alternative Trust, Series 2005-5, Class 26A1, 4.20%, 7/25/35, Callable 12/25/22 @ 100*(b)   6,417 
 9,918   Countrywide Alternative Loan Trust, Series 2005-24, Class 1A1, 3.00% (12MTA + 131 bps), 7/20/35, Callable 12/19/22 @ 100*   8,029 
 965   Deutsche Mortgage Securities, Inc., Series 2006-ABR, Class A1B1, 4.12% (US0001M + 10 bps), 10/25/36, Callable 12/25/22 @ 100*   817 
 1,714   Deutsche Mortgage Securities, Inc., Series 2003-4XS, Class A6A, 5.32%, 10/25/44, Callable 12/25/22 @ 100*(b)(c)   1,609 
 3,296   Deutsche Mortgage Securities, Inc., Series 2006-AB4, Class A1A, 6.01%, 10/25/36, Callable 12/25/22 @ 100*(b)   2,852 
 3,059   First Horizon Alternative Mortgage Securities, Series 2004-AA3, Class A1, 3.77%, 9/25/34, Callable 12/25/22 @ 100*(b)   2,724 
 14,912   Master Adjustable Rate Mortgage Trust, Series 2004-13, Class 2A1, 4.03%, 4/21/34, Callable 12/21/22 @ 100*(b)   13,958 
 225,605   Nomura Asset Acceptance Corp., Series 2005-AR4, Class 3A1, 4.04%, 8/25/35, Callable 12/25/22 @ 100*(b)   224,871 
 23,966   Residential Accredit Loans, Inc., Series 2004-QA4, Class NB21, 4.07%, 9/25/34, Callable 12/25/22 @ 100*(b)   21,811 
 13,669   Residential Accredit Loans, Inc., Series 2006-QA1, Class A21, 4.60%, 1/25/36, Callable 12/25/22 @ 100*(b)   10,540 
         353,499 
Alt-A - Fixed Rate Mortgage Backed Securities (1.2%)     
 10,531   Chaseflex Trust, Series 2005-1, Class 2A4, 5.50%, 2/25/35, Callable 12/25/22 @ 100*   8,614 

 

See notes to schedule of portfolio of investments.

 

- 1 -

 

 

Schedule of Portfolio Investments

Limited Duration Fund

November 30, 2022 (Unaudited)

Continued

 

Shares or
Principal
Amount
   Security Description  Value
         
Mortgage Backed Securities†, continued:     
Alt-A - Fixed Rate Mortgage Backed Securities, continued:     
$14,465   Citigroup Mortgage Alternative Loan Trust, Series 2006-A3, Class 1A5, 6.00%, 7/25/36, Callable 12/25/22 @ 100*  $12,632 
 11,478   Countrywide Alternative Loan Trust, Series 2005-J13, Class 2A3, 5.50%, 11/25/35, Callable 12/25/22 @ 100*   7,962 
 15,491   Countrywide Alternative Loan Trust, Series 2006-2CB, Class A3, 5.50%, 3/25/36, Callable 12/25/22 @ 100*   6,807 
 16,437   Countrywide Alternative Loan Trust, Series 2006- 31CB, Class A16, 6.00%, 11/25/36, Callable 12/25/22 @ 100*   10,029 
 16,027   Countrywide Alternative Loan Trust, Series 2006-43CB, Class 1A4, 6.00%, 2/25/37, Callable 12/25/22 @ 100*   9,142 
 117,861   Countrywide Alternative Loan Trust, Series 2006-J8, Class A2, 6.00%, 2/25/37, Callable 12/25/22 @ 100*   53,156 
 55,294   Countrywide Alternative Loan Trust, Series 2004-J8, Class 2A1, 7.00%, 8/25/34, Callable 12/25/22 @ 100*   49,464 
 109   Master Alternative Loans Trust, Series 2004-3, Class 1A1, 5.00%, 3/25/19, Callable 12/25/22 @ 100*   102 
 699   Master Alternative Loans Trust, Series 2005-1, Class 5A1, 5.50%, 1/25/20, Callable 12/25/22 @ 100*   586 
 2,947   Master Alternative Loans Trust, Series 2004-3, Class 3A1, 6.00%, 4/25/34, Callable 12/25/22 @ 100*   2,842 
 257,705   Master Alternative Loans Trust, Series 2004-3, Class 5A1, 6.50%, 3/25/34, Callable 12/25/22 @ 100*   252,191 
 19,091   Master Alternative Loans Trust, Series 2004-1, Class 3A1, 7.00%, 1/25/34, Callable 12/25/22 @ 100*   18,876 
 2,765   Master Alternative Loans Trust, Series 2004-3, Class 8A1, 7.00%, 4/25/34, Callable 12/25/22 @ 100*   2,759 
 101   Residential Accredit Loans, Inc., Series 2004-QS13, Class CB, 5.00%, 9/25/19, Callable 12/25/22 @ 100*   101 
 5,570   Residential Accredit Loans, Inc., Series 2004-QS6, Class A1, 5.00%, 5/25/19, Callable 12/25/22 @ 100*   5,183 
 21,840   Residential Accredit Loans, Inc., Series 2006-QS6, Class 1A2, 6.00%, 6/25/36, Callable 12/25/22 @ 100*   17,494 
 40,571   Residential Asset Securitization Trust, Series 2006-A9CB, Class A5, 6.00%, 9/25/36, Callable 3/25/24 @ 100*   13,298 
 24,586   Residential Asset Securitization Trust, Series 2007-A5, Class 2A3, 6.00%, 5/25/37, Callable 12/25/22 @ 100*   14,134 
 7,678   Wells Fargo Mortgage Backed Securities Trust, Series 2005-1, Class 2A3, 5.50%, 2/25/35, Callable 12/25/22 @ 100*   7,455 
         492,827 
Prime Adjustable Rate Mortgage Backed Securities (2.7%)     
 234   Adjustable Rate Mortgage Trust, Series 2005-1, Class 2A22, 3.34%, 5/25/35(b)   232 

 

Shares or
Principal
Amount
   Security Description  Value
         
Mortgage Backed Securities†, continued:    
Prime Adjustable Rate Mortgage Backed Securities, continued:     
$327,920   American Home Mortgage Investment Trust, Series 2006-2, Class 3A2, 6.70%, 6/25/36, Callable 12/25/22 @ 100*(b)(c)  $55,442 
 253,437   Banc of America Funding Corp., Series 2015-R3, Class 4A1, 4.17% (US0001M + 15 bps), 3/27/37(a)   252,161 
 4,150   Bank of America Mortgage Securities, Series 2006-A, Class 2A1, 2.84%, 2/25/36, Callable 12/25/22 @ 100*(b)   3,661 
 3,977   Bank of America Mortgage Securities, Series 2004-E, Class 1A1, 3.31%, 6/25/34, Callable 12/25/22 @ 100*(b)   3,593 
 2,709   Bank of America Mortgage Securities, Series 2006-B, Class 2A1, 3.87%, 11/20/46, Callable 12/20/22 @ 100*(b)   2,374 
 4,716   Bank of America Mortgage Securities, Series 2003-H, Class 2A3, 4.05%, 9/25/33, Callable 12/25/22 @ 100*(b)   4,296 
 4,551   Bear Stearns Adjustable Rate Mortgage Trust, Series 2004-6, Class 1A1, 3.77%, 9/25/34, Callable 12/25/22 @ 100*(b)   4,047 
 10,429   Bear Stearns Adjustable Rate Mortgage Trust, Series 2006-4, Class 1A1, 4.13%, 10/25/36, Callable 12/25/22 @ 100*(b)   9,074 
 2,555   Bear Stearns Adjustable Rate Mortgage Trust, Series 2004-10, Class 15A1, 4.25%, 1/25/35, Callable 12/25/22 @ 100*(b)   2,393 
 3,385   Bear Stearns Adjustable Rate Mortgage Trust, Series 2005-9, Class A1, 5.23% (H15T1Y + 230 bps), 10/25/35, Callable 12/25/22 @ 100*   3,105 
 4,185   Bear Stearns Mortgage Securities, Inc., Series 1997-6, Class 1A, 6.43%, 3/25/31, Callable 12/25/22 @ 100*(b)   4,113 
 8,919   Chase Mortgage Finance Corp., Series 2007-A2, Class 10A1, 3.72%, 7/25/37, Callable 12/25/22 @ 100*(b)   7,331 
 4,941   Citigroup Mortgage Loan Trust, Inc., Series 2005-3, Class 2A2A, 3.84%, 8/25/35(b)   4,705 
 3,217   Countrywide Home Loans, Series 2003-60, Class 2A1, 2.12%, 2/25/34, Callable 12/25/22 @ 100*(b)   2,910 
 220   Countrywide Home Loans, Series 2003-42, Class 1A1, 3.99%, 9/25/33, Callable 12/25/22 @ 100*(b)   177 
 6,624   Countrywide Home Loans, Series 2003-58, Class 2A2, 4.11%, 2/19/34, Callable 12/19/22 @ 100*(b)   6,288 
 23,693   Credit Suisse First Boston Mortgage Securities Corp., Series 2002-AR28, Class CB3, 3.41%, 11/25/32, Callable 12/25/22 @ 100*(b)   12,666 
 19,953   Credit Suisse First Boston Mortgage Securities Corp., Series 2004-AR7, Class 2A1, 3.54%, 11/25/34, Callable 12/25/22 @ 100*(b)   19,011 
 4,899   First Horizon Mortgage Pass-Through Trust, Series 2005-AR4, Class 2A1, 3.93%, 10/25/35, Callable 12/25/22 @ 100*(b)   4,529 
 24,308   GMAC Mortgage Corp. Loan Trust, Series 2005-AR6, Class 3A1, 3.60%, 11/19/35, Callable 12/19/22 @ 100*(b)   19,929 

 

See notes to schedule of portfolio of investments.

 

- 2 -

 

 

Schedule of Portfolio Investments

Limited Duration Fund

November 30, 2022 (Unaudited)

Continued

 

Shares or
Principal
Amount
   Security Description  Value
         
Mortgage Backed Securities†, continued:     
Prime Adjustable Rate Mortgage Backed Securities, continued:     
$4,711   GSR Mortgage Loan Trust, Series 2005-AR7, Class 2A1, 3.06%, 11/25/35, Callable 12/25/22 @ 100*(b)  $4,609 
 16,095   GSR Mortgage Loan Trust, Series 2005-AR2, Class 1A2, 3.19%, 4/25/35, Callable 12/25/22 @ 100*(b)   14,491 
 59,272   Harborview Mortgage Loan Trust, Series 2004-10, Class 3A1B, 3.75%, 1/19/35, Callable 12/19/22 @ 100*(b)   51,951 
 3,060   Harborview Mortgage Loan Trust, Series 2005-14, Class 3A1A, 3.88%, 12/19/35, Callable 12/19/22 @ 100*(b)   2,850 
 18,598   Indymac Index Mortgage Loan Trust, Series 2006-AR13, Class A1, 3.33%, 7/25/36, Callable 12/25/22 @ 100*(b)   13,831 
 31,713   Indymac Index Mortgage Loan Trust, Series 2006-AR19, Class 1A2, 3.39%, 8/25/36, Callable 12/25/22 @ 100*(b)   23,740 
 8,343   Indymac Index Mortgage Loan Trust, Series 2004-AR4, Class 1A, 3.45%, 8/25/34, Callable 12/25/22 @ 100*(b)   7,445 
 18,861   Indymac Index Mortgage Loan Trust, Series 2004-AR4, Class 3A, 3.76%, 8/25/34, Callable 12/25/22 @ 100*(b)   17,207 
 1,449   JPMorgan Mortgage Trust, Series 2006-A5, Class 3A4, 3.52%, 8/25/36, Callable 12/25/22 @ 100*(b)   1,177 
 463,307   LSTAR Securities Investment, Ltd., Series 2021-1, Class A, 5.92% (US0001M + 180 bps), 2/1/26, Callable 1/2/23 @ 100*(a)   458,674 
 6,224   Merrill Lynch Mortgage Investors Trust, Series 2004-1, Class 2A2, 3.01%, 12/25/34, Callable 12/25/22 @ 100*(b)   5,725 
 711   Merrill Lynch Mortgage Investors Trust, Series 2004-A1, Class 2A2, 3.11%, 2/25/34, Callable 12/25/23 @ 100*(b)   646 
 7,082   Merrill Lynch Mortgage Investors Trust, Series 2004-A2, Class 1A, 3.73%, 7/25/34, Callable 6/25/25 @ 100*(b)   6,522 
 1,784   Morgan Stanley Mortgage Loan Trust, Series 2004-6AR, Class 3A, 3.65%, 8/25/34, Callable 1/25/27 @ 100*(b)   1,701 
 5,000   Morgan Stanley Mortgage Loan Trust, Series 2004-6AR, Class 2A2, 3.81%, 8/25/34, Callable 2/25/26 @ 100*(b)   4,803 
 20,299   Structured Adjustable Rate Mortgage Loan Trust, Series 2004-18, Class 1A2, 3.52%, 12/25/34, Callable 12/25/22 @ 100*(b)   17,668 
 2,092   Structured Adjustable Rate Mortgage Loan Trust, Series 2004-1, Class 3A1, 4.10%, 2/25/34, Callable 12/25/22 @ 100*(b)   1,914 
 5,638   Structured Asset Mortgage Investments, Inc., Series 2005-AR7, Class 1A1, 3.06%, 12/27/35, Callable 12/25/22 @ 100*(b)   5,658 
 9,978   Structured Asset Securities Corp., Series 2003-24A, Class 1A3, 3.77%, 7/25/33, Callable 12/25/22 @ 100*(b)   9,551 
 3,135    Washington Mutual Mortgage Pass-Through Certificates, Series 2004-AR3, Class A2, 3.10%, 6/25/34, Callable 12/25/22 @ 100*(b)   2,850 

 

Shares or
Principal
Amount
   Security Description  Value
         
Mortgage Backed Securities†, continued:     
Prime Adjustable Rate Mortgage Backed Securities, continued:     
$42,020   Washington Mutual Mortgage Pass-Through Certificates, Series 2006-AR14, Class 1A1, 3.33%, 11/25/36, Callable 12/25/22 @ 100*(b)  $36,658 
 1,177   Washington Mutual Mortgage Pass-Through Certificates, Series 2006-AR8, Class 1A1, 3.68%, 8/25/46, Callable 12/25/22 @ 100*(b)   1,022 
 6,571   Washington Mutual Mortgage Pass-Through Certificates, Series 2006-AR10, Class 1A2, 3.74%, 9/25/36, Callable 12/25/22 @ 100*(b)   5,858 
 3,880   Washington Mutual Mortgage Pass-Through Certificates, Series 2004-AR10, Class A1B, 4.86% (US0001M + 84 bps), 7/25/44, Callable 12/25/22 @ 100*   3,426 
         1,122,014 
Prime Fixed Mortgage Backed Securities (11.8%)     
 489,711   Angel Oak Mortgage Trust, Series 2021-5, Class A1, 0.95%, 7/25/66, Callable 9/25/23 @ 100*(a)(b)   382,482 
 547,417   Angel Oak Mortgage Trust, Series 2019-6, Class A1, 2.62%, 11/25/59, Callable 12/25/22 @ 100*(a)(b)   516,920 
 10,128   Citigroup Mortgage Loan Trust, Inc., Series 2003-1, Class WA2, 6.50%, 6/25/31, Callable 12/25/22 @ 100*   9,681 
 61,178   Citigroup Mortgage Loan Trust, Inc., Series 2004-NCM2, Class 1CB2, 6.75%, 8/25/34, Callable 12/25/22 @ 100*   57,050 
 10,027   Citigroup Mortgage Loan Trust, Inc., Series 2004-NCM2, Class 2CB3, 8.00%, 8/25/34, Callable 12/25/22 @ 100*   9,979 
 3,445   Credit Suisse First Boston Mortgage Securities Corp., Series 2004-7, Class 5A1, 5.00%, 10/25/19, Callable 12/25/22 @ 100*   3,289 
 57,421   Credit Suisse First Boston Mortgage Securities Corp., Series 2003-23, Class 1A11, 6.00%, 10/25/33   52,601 
 9,163   Credit Suisse First Boston Mortgage Securities Corp., Series 2003-8, Class 5A1, 6.50%, 4/25/33, Callable 12/25/22 @ 100*   8,845 
 14,973   Credit Suisse First Boston Mortgage Securities Corp., Series 2003-1, Class 1A1, 7.00%, 2/25/33, Callable 12/25/22 @ 100*   14,597 
 33,785   Credit Suisse First Boston Mortgage Securities Corp., Series 2002-10, Class 2B1, 7.50%, 5/25/32, Callable 12/25/22 @ 100*   9,671 
 183,625   Credit Suisse First Boston Mortgage Securities Corp., Series 2002-34, Class 1A1, 7.50%, 12/25/32, Callable 12/25/22 @ 100*   185,628 
 581,613   GS Mortgage-Backed Securities, Series 2022-PJ1, Class A8, 2.50%, 5/28/52, Callable 2/25/46 @ 100*(a)(b)   497,370 
 435,316   GS Mortgage-Backed Securities Corp. Trust, Series 2019-PJ2, Class A8, 4.00%, 11/25/49, Callable 1/25/24 @ 100*(a)(b)   410,370 
 16,011   GSR Mortgage Loan Trust, Series 2003-3F, Class 2A1, 4.50%, 4/25/33, Callable 12/25/22 @ 100*   14,481 
 20,210   GSR Mortgage Loan Trust, Series 2005-8F, Class 3A4, 6.00%, 11/25/35, Callable 1/25/35 @ 100*   8,691 

 

See notes to schedule of portfolio of investments.

 

- 3 -

 

 

Schedule of Portfolio Investments

Limited Duration Fund

November 30, 2022 (Unaudited)

Continued

 

Shares or
Principal
Amount
   Security Description  Value
         
Mortgage Backed Securities†, continued:     
Prime Fixed Mortgage Backed Securities, continued:     
$543,506   JPMorgan Mortgage Trust, Series 2020-4, Class A3A, 2.50%, 11/25/50, Callable 1/25/30 @ 100*(a)(b)  $441,119 
 420,836   JPMorgan Mortgage Trust, Series 2017-2, Class A4, 3.00%, 5/25/47, Callable 12/25/32 @ 100*(a)(b)   349,256 
 9,211   Lehman Mortgage Trust, Series 2005-3, Class 1A3, 5.50%, 1/25/36, Callable 12/25/22 @ 100*   4,835 
 1,550,000   NewRez Warehouse Securitization Trust, Series 2021-1, Class D, 5.44% (US0001M + 140 bps), 5/25/55, Callable 5/25/24 @ 100*(a)   1,493,175 
 4,325   Residential Funding Mortgage Securities I, Series 2005-S7, Class A1, 5.50%, 11/25/35, Callable 12/25/22 @ 100*   3,389 
 12,219   Residential Funding Mortgage Securities I, Series 2003-S9, Class A1, 6.50%, 3/25/32, Callable 12/25/22 @ 100*   11,599 
 58,528   Structured Asset Mortgage Investments, Inc., Series 1999-2, Class 3A, 6.75%, 5/25/29, Callable 12/25/22 @ 100*   55,364 
 342,324   Verus Securitization Trust, Series 2020-1, Class A1, 2.42%, 1/25/60, Callable 1/25/23 @ 100*(a)(b)   321,301 
         4,861,693 
Subprime Mortgage Backed Securities (1.6%)     
 109,144   Towd Point Mortgage Trust, Series 2017-1, Class A1, 2.75%, 10/25/56, Callable 11/25/23 @ 100*(a)(b)   107,078 
 218,596   Towd Point Mortgage Trust, Series 2017-2, Class A1, 2.75%, 4/25/57, Callable 3/25/24 @ 100*(a)(b)   215,264 
 352,770   Towd Point Mortgage Trust, Series 2017-6, Class A1, 2.75%, 10/25/57, Callable 12/25/25 @ 100*(a)(b)   335,215 
         657,557 
U.S. Government Agency Mortgage Backed Securities (13.0%)     
 149,561   Fannie Mae, Series 2013-68, Class 10A1, 1.00%, 3/25/42   123,614 
 11,320   Fannie Mae, 1.67% (US0012M + 133 bps), 1/1/35, Pool #805386   11,175 
 41,111   Fannie Mae, Series 2012-31, Class PA, 2.00%, 4/25/41   39,562 
 34,415   Fannie Mae, Series 2012-96, Class PD, 2.00%, 7/25/41   33,796 
 128,000   Fannie Mae, Series 2013-18, Class 10A1, 2.00%, 12/25/42   112,669 
 1   Fannie Mae, 2.08% (H15T1Y + 195 bps), 12/1/22, Pool #303247   1 
 85,089   Fannie Mae, Series 2013-73, Class 10A1, 2.25%, 6/25/42   77,930 
 84,952   Fannie Mae, Series 2013-74, Class 10A1, 2.25%, 6/25/42(b)   80,106 
 63,114   Fannie Mae, Series 2011-118, Class 10A1, 3.00%, 11/25/41   58,491 
 125,522   Fannie Mae, Series 2014-1, Class AB, 3.00%, 6/25/43   119,161 
 467,904   Fannie Mae, Series 2018-83, Class LC, 3.00%, 11/25/48   428,081 
 582   Fannie Mae, 3.70% (H15T1Y + 222 bps), 6/1/32, Pool #725286   575 

 

Shares or
Principal
Amount
   Security Description  Value
         
Mortgage Backed Securities†, continued:     
U.S. Government Agency Mortgage Backed Securities, continued:     
$576,716   Fannie Mae, Series 2003-W14, Class 2A, 4.00%, 1/25/43, Callable 12/25/22 @ 100*(b)  $535,756 
 21,701   Fannie Mae, 4.29% (H15T1Y + 229 bps), 2/1/30, Pool #556998   21,355 
 353,856   Fannie Mae, Series 2003-W16, Class AF5, 4.40%, 11/25/33, Callable 12/25/22 @ 100*(b)(c)   339,090 
 2,094   Fannie Mae, Series 2001-W4, Class AF6, 5.11%, 1/25/32, Callable 12/25/22 @ 100*(b)(c)   2,094 
 4,394   Fannie Mae, Series 2001-W2, Class AF6, 6.09%, 10/25/31, Callable 12/25/22 @ 100*(b)(c)   4,419 
 5,762   Fannie Mae, Series 2001-W1, Class AF6, 6.40%, 7/25/31, Callable 12/25/22 @ 100*(b)(c)   6,110 
 1,000   Fannie Mae, Series 1996-42, Class LL, 7.50%, 9/25/26   1,009 
 744,166   Fannie Mae Grantor Trust, Series 2003-T4, Class 2A5, 4.45%, 9/26/33, Callable 12/26/22 @ 100*(b)(c)   718,239 
 876,313   Fannie Mae REMIC Trust, Series 2004-W10, Class A6, 5.75%, 8/25/34, Callable 12/25/22 @ 100*   880,498 
 46,656   Freddie Mac, Series 4146, Class 10A1, 1.50%, 10/15/42   44,510 
 381,677   Freddie Mac, Series 4220, Class KC, 1.50%, 5/15/32   361,724 
 61,469   Freddie Mac, Series 3982, Class MD, 2.00%, 5/15/39   58,827 
 124,588   Freddie Mac, Series 4019, Class GB, 2.00%, 12/15/41   113,414 
 187,272   Freddie Mac, Series 4272, Class YG, 2.00%, 11/15/26   182,721 
 106,499   Freddie Mac, Series 3913, Class PC, 2.50%, 3/15/41   102,078 
 374,702   Freddie Mac, Series 4374, Class GA, 3.00%, 9/15/36   351,082 
 265,449   Freddie Mac, Series T-67, Class 1A1C, 3.40%, 3/25/36, Callable 12/25/22 @ 100*(b)   264,377 
 2,737   Freddie Mac, 3.85% (US0006M + 152 bps), 4/1/36, Pool #1N0148   2,761 
 2,142   Freddie Mac, 4.00%, 9/1/33, Pool #N31025   2,094 
 1,122   Government National Mortgage Assoc., 1.75% (H15T1Y + 150 bps), 12/20/27, Pool #80141   1,097 
 3,959   Government National Mortgage Assoc., 1.75% (H15T1Y + 150 bps), 11/20/29, Pool #876947   3,790 
 321,250   Government National Mortgage Assoc., Series 2013-69, 2.00%, 9/20/42   285,792 
 22   Government National Mortgage Assoc., 2.63% (H15T1Y + 150 bps), 1/20/23, Pool #8123   22 
 781   Government National Mortgage Assoc., 2.63% (H15T1Y + 150 bps), 1/20/25, Pool #8580   772 
 1,237   Government National Mortgage Assoc., 2.63% (H15T1Y + 150 bps), 1/20/25, Pool #8585   1,223 
 575   Government National Mortgage Assoc., 2.63% (H15T1Y + 150 bps), 3/20/26, Pool #8832   561 
 1,110   Government National Mortgage Assoc., 2.63% (H15T1Y + 150 bps), 3/20/29, Pool #80263   1,078 
 6,341   Government National Mortgage Assoc., 2.88% (H15T1Y + 150 bps), 5/20/34, Pool #80916   6,216 
 59   Government National Mortgage Assoc., 6.50%, 12/15/25, Pool #414856   61 

 

See notes to schedule of portfolio of investments.

 

- 4 -

 

 

Schedule of Portfolio Investments

Limited Duration Fund

November 30, 2022 (Unaudited)

Continued

 

Shares or
Principal
Amount
   Security Description  Value
         
Mortgage Backed Securities†, continued:     
U.S. Government Agency Mortgage Backed Securities, continued:     
$16   Government National Mortgage Assoc., 7.00%, 4/20/24, Pool #1655  $16 
 20   Government National Mortgage Assoc., 7.00%, 11/20/26, Pool #2320   20 
 77   Government National Mortgage Assoc., 7.50%, 3/15/24, Pool #376439   77 
         5,378,044 
Total Mortgage Backed Securities (Cost $14,316,599)   12,865,634 
      
Corporate Bonds (13.4%)     
Aerospace & Defense (2.3%)     
 920,000   Boeing Co. (The), 7.95%, 8/15/24   951,057 
Banks (2.7%)     
 1,057,740   Southtrust Bank/Georgia, 7.74%, 5/15/25   1,113,115 
Capital Markets (2.5%)     
 1,116,000   Goldman Sachs Group, Inc. (The), 1.30%, 11/15/24, Callable 2/15/23 @ 100*   1,029,019 
 2,000,000   Lehman Brothers Holdings, Inc., 6.00%, 7/19/12, MTN (d)   7,000 
        1,036,019 
Insurance (1.5%)     
 670,000   Athene Global Funding, 1.72%, 1/7/25 (a)   620,035 
IT Services (2.6%)     
 1,206,000   Western Union Co. (The), 1.35%, 3/15/26, Callable 2/15/26 @ 100*   1,050,311 
Tobacco (1.8%)     
 806,000   BAT Capital Corp., 3.22%, 9/6/26, Callable 6/7/26 @ 100*   746,356 
Total Corporate Bonds (Cost $7,105,732)   5,516,893 
      
Taxable Municipal Bonds (3.0%)     
Georgia (2.4%)     
 985,000   State of Georgia, Build America Bonds, GO, Series H, 4.50%, 11/1/25   988,444 
Pennsylvania (0.6%)     
 250,000   Philadelphia Authority for Industrial Development Revenue, 3.96%, 4/15/26   245,867 
Total Taxable Municipal Bonds (Cost $1,284,460)   1,234,311 
      
U.S. Government Agency Securities (6.4%)     
Federal Farm Credit Banks     
 1,000,000   1.23%, 9/10/29, Callable 12/15/22 @ 100*   802,110 
 400,000   3.83% (SOFR + 2 bps), 7/13/23   399,989 
 475,000   3.86% (SOFR + 5 bps), 2/13/24   475,004 
 350,000   3.87% (SOFR + 6 bps), 10/8/24   349,696 
         2,026,799 
Federal Home Loan Banks     
 35,000   0.90%, 8/27/26, Callable 2/27/23 @ 100*   30,903 
 370,000   1.00%, 6/30/25, Callable 12/30/22 @ 100*(b)   344,351 
 249,000   3.63%, 7/26/24, Callable 1/26/23 @ 100*   243,693 
         618,947 
Total U.S. Government Agency Securities (Cost $2,875,639)   2,645,746 
      
U.S. Treasury Obligations (7.5%)     
U.S. Treasury Notes     
 942,000   4.13%, 9/30/27   952,082 
 2,161,000   4.25%, 9/30/24   2,153,065 
Total U.S. Treasury Obligations (Cost $3,106,274)   3,105,147 

 

Shares or
Principal
Amount
   Security Description  Value
         
Investment in Affiliates (5.0%)     
 2,054,307   Cavanal Hill Government Securities Money Market Fund, Select Shares, 3.67%(e)  $2,054,307 
Total Investment in Affiliates (Cost $2,054,307)   2,054,307 
      
Total Investments (Cost $46,197,036) — 99.6%   41,161,174 
Other assets in excess of liabilities — 0.4%   162,409 
Net Assets - 100.0%  $41,323,583 

 

See notes to schedule of portfolio of investments.

 

- 5 -

 

 

Schedule of Portfolio Investments

Limited Duration Fund

November 30, 2022 (Unaudited)

Concluded

 

 

(a)Represents a restricted security, purchased under Rule 144A, Section 4(2), which is exempt from registration under the Securities Act of 1933, as amended. The security has been deemed liquid according to the policies and procedures adopted by the Board of Trustees.
(b)The rate for certain asset-backed and mortgage-backed securities may vary based on factors relating to the pool of assets underlying the security. The rate presented is the rate in effect at November 30, 2022.
(c)Step Bond: Coupon rate is set for an initial period and then increased to a higher coupon rate at a specified date. The rate shown is the rate in effect at November 30, 2022.

(d)Issuer has defaulted on the payment of interest.

(e)Money market investment. The rate presented on the Schedule of Portfolio Investments is the rate in effect at November 30, 2022.

*Represents next call date. Additional subsequent call dates and amounts may apply to this security.

Mortgage backed securities are classified based on the characteristics of their underlying collateral, the fixed vs. variable nature of the obligations, and the credit standing of the mortgagors. The fixed or variable rate nature of securities interest payments to which the fund is entitled may not coincide with the payment nature of the collateral underlying the securities.

 

12MTA 12 Month Treasury Average
GO General Obligation
H15T1Y 1 Year Treasury Constant Maturity Rate
LIBOR London Interbank Offered Rate
MTN Medium Term Note
REMIC Real Estate Mortgage Investment Conduits
SOFR Secured Overnight Financing Rate
US0001M 1 Month US Dollar LIBOR
US0006M 6 Month US Dollar LIBOR
US0012M 12 Month US Dollar LIBOR

 

See notes to schedule of portfolio of investments.

 

- 6 -

 

 

Schedule of Portfolio Investments Moderate Duration Fund
November 30, 2022 (Unaudited)

 

Shares or
Principal
Amount
   Security Description  Value
      

Asset Backed Securities (18.0%)

     
$308,867   CLI Funding VI LLC, Series 2020-3A, Class A, 2.07%, 10/18/45(a)  $265,560 
 115,600   CLI Funding VIII LLC, Series 2022-1A, Class A1, 2.72%, 1/18/47(a)   96,945 
 247,500   DB Master Finance LLC, Series 2021-1A, Class A2I, 2.05%, 11/20/51, Callable 5/20/24 @ 100*(a)   212,014 
 270,875   Domino's Pizza Master Issuer LLC, Series 2021-1A, Class A2I, 2.66%, 4/25/51, Callable 10/25/25 @ 100*(a)   221,656 
 280,000   Flexential Issuer, Series 2021-1A, Class A2, 3.25%, 11/27/51, Callable 11/25/25 @ 100*(a)   243,126 
 250,000   Hi-Fi Music Ip Issuer II L.P, Series 2022-1A, Class A2, 3.94%, 2/1/62, Callable 1/2/23 @ 100*(a)   223,938 
 286,807   Longtrain Leasing III LLC, Series 2015-1A, Class A2, 4.06%, 1/15/45(a)   264,714 
 145,725   MVW LLC, Series 2019-2A, Class A, 2.22%, 10/20/38, Callable 9/20/25 @ 100*(a)   137,409 
 250,000   Sabey Data Center Issuer LLC, Series 2020-1, Class A2, 3.81%, 4/20/45, Callable 11/20/23 @ 100*(a)   232,895 
 231,433   Textainer Marine Containers VII, Ltd., Series 2A, Class A, 2.23%, 4/20/46, Callable 4/20/23 @ 100*(a)   196,102 
 300,000   Vantage Data Centers LLC, Series 2020-1A, Class A2, 1.65%, 9/15/45, Callable 9/15/23 @ 100*(a)   261,381 
 232,538   VR Funding LLC, Series 2020-1A, Class A, 2.79%, 11/15/50, Callable 11/15/23 @ 100*(a)   204,630 
 228,125   Wendy's Funding LLC, Series 2019-1A, Class A2I, 3.78%, 6/15/49, Callable 3/15/24 @ 100*(a)   209,098 
 146,547   Willis Engine Structured Trust VI, Series 2021-A, Class A, 3.10%, 5/15/46, Callable 5/15/29 @ 100*(a)   106,715 
Total Asset Backed Securities (Cost $3,313,065)   2,876,183 

 

Mortgage Backed Securities† (13.5%) 
Alt-A -Fixed Rate Mortgage Backed Securities (1.5%) 
 44,410   Chaseflex Trust, Series 2005-2, Class 1A1, 6.00%, 6/25/35, Callable 12/25/22 @ 100*   30,776 
 2,637   Countrywide Alternative Loan Trust, Series 2005-3CB, Class 1A4, 5.25%, 3/25/35, Callable 12/25/22 @ 100*   2,208 
 7,814   Countrywide Alternative Loan Trust, Series 2004-5CB, Class 1A1, 6.00%, 5/25/34, Callable 12/25/22 @ 100*   7,605 
 62,032   Countrywide Alternative Loan Trust, Series 2006-J8, Class A2, 6.00%, 2/25/37, Callable 12/25/22 @ 100*   27,977 
 6,437   Master Alternative Loans Trust, Series 2004-1, Class 4A1, 5.50%, 2/25/34, Callable 12/25/22 @ 100*   6,034 
 3,768   Master Alternative Loans Trust, Series 2004-13, Class 12A1, 5.50%, 12/25/19, Callable 12/25/22 @ 100*   2,663 
 6,839   Master Alternative Loans Trust, Series 2004-4, Class 1A1, 5.50%, 5/25/34, Callable 12/25/22 @ 100*   6,461 

 

Shares or
Principal
Amount
   Security Description  Value
     
Mortgage Backed Securities†, continued:    
Alt-A -Fixed Rate Mortgage Backed Securities, continued:    
$147   Master Alternative Loans Trust, Series 2005-1, Class 5A1, 5.50%, 1/25/20, Callable 12/25/22 @ 100*  $123 
 12,871   Master Alternative Loans Trust, Series 2004-6, Class 7A1, 6.00%, 7/25/34, Callable 12/25/22 @ 100*   11,895 
 6,434   Master Alternative Loans Trust, Series 2003-7, Class 6A1, 6.50%, 12/25/33, Callable 12/25/22 @ 100*   6,255 
 11,254   Master Alternative Loans Trust, Series 2004-4, Class 8A1, 6.50%, 5/25/34, Callable 12/25/22 @ 100*   10,588 
 20,782   Master Alternative Loans Trust, Series 2004-6, Class 6A1, 6.50%, 7/25/34, Callable 12/25/22 @ 100*   19,655 
 380   Nomura Asset Acceptance Corp., Series 2005-WF1, Class 2A5, 5.66%, 3/25/35, Callable 12/25/22 @ 100*(b)(c)   367 
 31,906   Ocwen Residential MBS Corp., Series 1998-R1, Class B1, 3.02%, 10/25/40, Callable 12/25/22 @ 100*(a)(b)   20,990 
 2   Residential Accredit Loans, Inc., Series 2003-QS18, Class A1, 5.00%, 9/25/18, Callable 12/25/22 @ 100*   2 
 20,948   Residential Accredit Loans, Inc., Series 2006-QS12, Class 1A2, 6.50%, 9/25/36, Callable 12/25/22 @ 100*   9,921 
 33,909   Residential Asset Securitization Trust, Series 2005-A14, Class A5, 5.50%, 12/25/35, Callable 12/25/22 @ 100*   17,105 
 40,022   Residential Asset Securitization Trust, Series 2006-A8, Class 1A1, 6.00%, 8/25/36, Callable 12/25/22 @ 100*   26,198 
 30,917   Washington Mutual Mortgage Pass-Through Certificates, Series 2005-6, Class 1CB, 6.50%, 8/25/35, Callable 12/25/22 @ 100*   26,487 
        233,310 
           
Prime Adjustable Rate Mortgage Backed Securities (2.8%)     
 4,227   Banc of America Funding Trust, Series 2004-B, Class 5A1, 4.08%, 11/20/34, Callable 12/20/22 @ 100*(b)   3,991 
 2,652   Bear Stearns ARM Trust, Series 2004-9, Class 12A3, 3.84%, 11/25/34, Callable 12/25/22 @ 100*(b)   2,634 
 1,123   Bear Stearns ARM Trust, Series 2003-7, Class 4A, 3.92%, 10/25/33, Callable 12/25/22 @ 100*(b)   1,119 
 10,052   CHL Mortgage Pass-Through Trust, Series 2004-2, Class 2A1, 2.75%, 2/25/34, Callable 12/25/22 @ 100*(b)   8,534 
 9,017   HomeBanc Mortgage Trust, Series 2006-1, Class 1A1, 2.72%, 4/25/37, Callable 12/25/22 @ 100*(b)   7,307 
 2,600   JPMorgan Mortgage Trust, Series 2006-A2, Class 2A1, 3.03% (US0003M + 101 bps), 4/25/36, Callable 12/25/22 @ 100*   2,198 
 15,500   JPMorgan Mortgage Trust, Series 2005-A1, Class 3A4, 3.53%, 2/25/35, Callable 12/25/22 @ 100*(b)   14,390 
 13,854   JPMorgan Mortgage Trust, Series 2006-A6, Class 1A4L, 3.64%, 10/25/36, Callable 12/25/22 @ 100*(b)   10,362 

 

See notes to schedule of portfolio of investments.

 

- 7 -

 

 

Schedule of Portfolio Investments Moderate Duration Fund
November 30, 2022 (Unaudited) Continued

 

Shares or
Principal
Amount
   Security Description  Value
     
Mortgage Backed Securities†, continued:    
Prime Adjustable Rate Mortgage Backed Securities, continued:    
$170,886   JPMorgan Mortgage Trust, Series 2005-A6, Class 3A3, 4.18%, 9/25/35, Callable 12/25/22 @ 100*(b)  $151,041 
 149,917   LSTAR Securities Investment, Ltd., Series 2019-4, Class A1, 7.62% (US0001M + 350 bps), 5/1/24(a)   148,418 
 113,362   WinWater Mortgage Loan Trust, Series 2014-1, Class A1, 3.91%, 6/20/44, Callable 12/20/22 @ 100*(a)(b)   105,022 
         455,016 
           
Prime Fixed Mortgage Backed Securities (4.2%)      
 2,044   American Home Mortgage Investment Trust, Series 2005-2, Class 5A1, 5.56%, 9/25/35, Callable 12/25/22 @ 100*(b)(c)   1,710 
 70,392   Angel Oak Mortgage Trust, Series 2019-5, Class A1, 2.59%, 10/25/49, Callable 12/25/22 @ 100*(a)(b)   65,975 
 12,205   Chase Mortgage Finance Corp., Series 2007-S2, Class 2A1, 5.50%, 3/25/37, Callable 12/25/22 @ 100*   1,030 
 5,318   Citigroup Mortgage Loan Trust, Inc., Series 2005-1, Class 3A1, 6.50%, 4/25/35   5,063 
 5,048   Citigroup Mortgage Loan Trust, Inc., Series 2004-NCM1, Class 1A3, 6.75%, 7/25/34, Callable 12/25/22 @ 100*   4,794 
 372   Countrywide Home Loans, Series 2004-J6, Class 1A2, 5.25%, 8/25/24, Callable 12/25/22 @ 100*   365 
 6,541   Countrywide Home Loans, Series 2005-29, Class A1, 5.75%, 12/25/35, Callable 12/25/22 @ 100*   3,445 
 4,015   Credit Suisse First Boston Mortgage Securities Corp., Series 2004-1, Class 4A1, 5.00%, 2/25/19, Callable 12/25/22 @ 100*   3,638 
 10,064   Credit Suisse First Boston Mortgage Securities Corp., Series 2003-27, Class 8A1, 6.00%, 11/25/33, Callable 12/25/22 @ 100*   9,472 
 214,496   Flagstar Mortgage Trust, Series 2021-4, Class A5, 2.50%, 6/1/51, Callable 12/25/41 @ 100*(a) (b)   183,294 
 11,781   Galton Funding Mortgage Trust, Series 2017-1, Class A21, 3.50%, 7/25/56, Callable 3/25/26 @ 100*(a)(b)   10,875 
 124,952   GS Mortgage-Backed Securities Corp. Trust, Series 2020-PJ3, Class A14, 3.00%, 10/25/50, Callable 12/25/43 @ 100*(a)(b)   103,811 
 132,987   GSR Mortgage Loan Trust, Series 2004-13F, Class 2A1, 4.25%, 11/25/34, Callable 12/25/22 @ 100*   121,571 
 96   GSR Mortgage Loan Trust, Series 2004-10F, Class 2A4, 5.00%, 8/25/19, Callable 12/25/22 @ 100*   95 
 446   GSR Mortgage Loan Trust, Series 2003-2F, Class 3A1, 6.00%, 3/25/32, Callable 12/25/22 @ 100*   420 
 1,007   Prime Mortgage Trust, Series 2004-CL1, Class 1A1, 6.00%, 2/25/34, Callable 12/25/22 @ 100*   964 
 20,341   RAMP Trust, Series 2005-SL2, Class A3, 7.00%, 2/25/32, Callable 1/25/29 @ 100*   16,021 

 

Shares or
Principal
Amount
   Security Description  Value
     
Mortgage Backed Securities†, continued:    
Prime Fixed Mortgage Backed Securities, continued:    
$7,262   Structured Asset Mortgage Investments, Inc., Series 1999-2, Class 3A, 6.75%, 5/25/29, Callable 12/25/22 @ 100*   $6,869 
 42   Structured Asset Securities Corp., Series 1997-2, Class 2A4, 7.25%, 3/28/30, Callable 12/28/22 @ 100*   40 
 676   Washington Mutual Mortgage Pass-Through Certificates, Series 2003-S11, Class 1A, 5.00%, 11/25/33, Callable 12/25/22 @ 100*   641 
 239   Washington Mutual Mortgage Pass-Through Certificates, Series 2004-RA1, Class 2A, 7.00%, 3/25/34, Callable 2/25/23 @ 100*   229 
 153,412   Wells Fargo Mortgage Backed Securities Trust, Series 2021-2, Class A3, 2.50%, 6/25/51, Callable 8/25/38 @ 100*(a)(b)   131,191 
         671,513 
           
Subprime Mortgage Backed Securities (0.7%)     
 32,413   Towd Point Mortgage Trust, Series 2018-1, Class A1, 3.00%, 1/25/58, Callable 2/25/25 @ 100*(a)(b)   31,155 
 85,011   Towd Point Mortgage Trust, Series 2018-2, Class A1, 3.25%, 3/25/58, Callable 10/25/26 @ 100*(a)(b)   81,052 
         112,207 
           
U.S. Government Agency Mortgage Backed Securities (4.3%)     
 1,715   Fannie Mae, 2.11% (US0012M + 186 bps), 1/1/37, Pool #906675   1,672 
 56,969   Fannie Mae, Series 2010-100, Class LA, 2.50%, 7/25/40   53,108 
 51,971   Fannie Mae, Series 2014-61, Class P, 2.50%, 7/25/44   47,548 
 25,466   Fannie Mae, Series 2015-12, Class PC, 2.50%, 7/25/44   24,344 
 107,322   Fannie Mae, Series 2015-59, Class LM, 3.00%, 7/25/45   98,215 
 103,507   Fannie Mae, Series 2018-M12, Class A1, 3.55%, 8/25/30   100,720 
 1,365   Fannie Mae, 3.88% (US0012M + 163 bps), 9/1/33, Pool #739372   1,342 
 82   Fannie Mae, 6.00%, 4/1/35, Pool #735503   85 
 557   Fannie Mae, Series 2001-55, Class PC, 6.50%, 10/25/31   574 
 8,516   Fannie Mae, Series 2003-W2, Class 1A2, 7.00%, 7/25/42, Callable 12/25/22 @ 100*   8,953 
 304   Fannie Mae, Series 2002-T1, Class A3, 7.50%, 11/25/31, Callable 12/25/22 @ 100*   318 
 53,413   Freddie Mac, Series 4220, Class KC, 1.50%, 5/15/32   50,620 
 29,660   Freddie Mac, Series 4076, Class QC, 2.00%, 11/15/41   28,136 
 44,361   Freddie Mac, Series 4461, Class EA, 2.00%, 7/15/37   42,232 
 170,210   Freddie Mac, Series 3908, Class B, 2.50%, 6/15/39   153,647 
 6,532   Freddie Mac, 5.37% (H15T1Y + 225 bps), 8/1/34, Pool #755230   6,365 
 230   Freddie Mac, Series 1714, Class K, 7.00%, 4/15/24, Callable 1/15/23 @ 100*   230 
 515   Freddie Mac, Series 1904, Class D, 7.50%, 10/15/26, Callable 1/15/23 @ 100*   525 

 

See notes to schedule of portfolio of investments.

 

- 8 -

 

 

Schedule of Portfolio Investments Moderate Duration Fund
November 30, 2022 (Unaudited) Continued

 

Shares or
Principal
Amount
   Security Description  Value
     
Mortgage Backed Securities†, continued:    
U.S. Government Agency Mortgage Backed Securities, continued:     
$68,839   Government National Mortgage Assoc., Series 2013-69, 2.00%, 9/20/42  $61,241 
 3,094   Government National Mortgage Assoc., Series 2010-98, Class MG, 3.00%, 8/20/39   3,082 
 3,233   Government National Mortgage Assoc., 7.00%, 3/15/26, Pool #419128   3,232 
 36   Government National Mortgage Assoc., 7.00%, 3/20/27, Pool #2394   37 
 53   Government National Mortgage Assoc., 8.00%, 10/20/24, Pool #1884   54 
 26   Government National Mortgage Assoc., 8.00%, 2/20/26, Pool #2171   27 
 594   Government National Mortgage Assoc., 8.00%, 4/20/26, Pool #2205   600 
 2,100   Government National Mortgage Assoc., 8.00%, 5/20/26, Pool #2219   2,133 
         689,040 
Total Mortgage Backed Securities (Cost $2,435,758)   2,161,086 
           
Corporate Bonds (24.1%)     
Aerospace & Defense (1.3%)     
 225,000   Boeing Co. (The), 3.25%, 2/1/28, Callable 1/12/27 @ 100*   205,034 
Airlines (1.3%)     
 205,500   United Airlines Pass Through Trust, Series 2020-1, Class A, 5.88%, 10/15/27   202,904 
Banks (2.8%)     
 310,000   Bank of America Corp., 1.90% (SOFR + 153 bps), 7/23/31, Callable 7/23/30 @ 100, MTN *   240,896 
 250,000   Wells Fargo & Co., 2.88% (TSFR3M + 143 bps), 10/30/30, Callable 10/30/29 @ 100, MTN *   214,364 
         455,260 
Capital Markets (1.7%)     
 290,000   Goldman Sachs Group, Inc., 3.50%, 11/16/26, Callable 11/16/25 @ 100 *   275,446 
Diversified Telecommunication Services (1.8%)     
 310,000   AT&T, Inc., 4.35%, 3/1/29, Callable 1/12/28 @ 100 *   296,580 
Electric Utilities (1.6%)     
 275,000   Entergy Mississippi LLC, 3.25%, 12/1/27, Callable 1/9/27 @ 100 *   250,093 
Electrical Equipment (1.3%)     
 250,000   Emerson Electric Co., 2.20%, 12/21/31, Callable 9/21/31 @ 100 *   204,266 
Financial Services (0.3%)     
 43,371   JBG/Rockville NCI Campus LLC, Series 2010-A, 3.90%, 7/15/23 (a)   43,313 
Food Products (1.7%)     
 300,000   Mars, Inc., 3.20%, 4/1/30, Callable 1/1/30 @ 100 *(a)   269,883 
Health Care Providers & Services (3.3%)     
 225,000   Ascension Health, Series B, 2.53%, 11/15/29, Callable 8/15/29 @ 100 *   194,313 
 370,000   Sutter Health, 3.70%, 8/15/28, Callable 5/15/28 @ 100 *   341,947 
         536,260 
Hotels, Restaurants & Leisure (1.0%)     
 180,000   Hyatt Hotels Corp., 4.38%, 9/15/28, Callable 6/15/28 @ 100 *   164,412 
Household Durables (2.4%)     
 400,000   Harman International Industries, Inc., 4.15%, 5/15/25, Callable 2/15/25 @ 100 *   391,146 

 

Shares or
Principal
Amount
   Security Description  Value
     
Corporate Bonds, continued:    
Insurance (1.8%)    
$300,000   Jackson National Life Global Funding, 2.65%, 6/21/24 (a)  $286,255 
Semiconductors & Semiconductor Equipment (1.8%)     
 24,000   Broadcom, Inc., 3.19%, 11/15/36, Callable 8/15/36 @ 100 *(a)   17,389 
 301,000   Broadcom, Inc., 4.15%, 11/15/30, Callable 8/15/30 @ 100 *   269,465 
        286,854 
Total Corporate Bonds (Cost $4,450,386)   3,867,706 
           
Taxable Municipal Bonds (7.7%)     
Arizona (1.5%)     
 250,000   City of Glendale Arizona, Certificate participation, 0.90%, 7/1/24   234,775 
Colorado (1.7%)     
 150,000   Colorado Housing and Finance Authority Revenue, Series I-1, Class I, 0.86%, 11/1/23, GNMA: GOV. NATL MTGE ASSOCIATION   144,331 
 150,000   Colorado Housing and Finance Authority Revenue, Series I-1, Class I, 1.11%, 5/1/25, GNMA: GOV. NATL MTGE ASSOCIATION   137,527 
         281,858 
New York (1.7%)     
 300,000   New York City Housing Development Corp. Revenue, Series L, 2.84%, 11/1/28, Continuously Callable @ 100   270,716 
Rhode Island (2.4%)     
 400,000   Rhode Island Convention Center Authority Revenue, 3.15%, 5/15/25   383,149 
Wisconsin (0.4%)     
 65,000   Public Financial Authority Revenue, 4.45%, 10/1/25, Insured by: AGC(a)   64,198 
Total Taxable Municipal Bonds (Cost $1,316,154)   1,234,696 
           
U.S. Government Agency Securities (7.4%)     
Federal Farm Credit Banks     
 240,000   1.32%, 9/9/30, Callable 12/15/22 @ 100 *   192,389 
 250,000   2.32%, 1/26/32, Callable 1/26/23 @ 100 *   210,182 
        402,571 
Federal Home Loan Banks     
 250,000   0.88%, 8/16/28, Callable 2/16/23 @ 100 *(b)   216,103 
 220,000   1.25%, 3/17/31, Callable 12/17/22 @ 100 *(b)   183,505 
 200,000   1.38%, 10/28/31, Callable 1/28/23 @ 100 *(b)   164,229 
 225,000   2.50%, 4/25/25, Callable 1/25/23 @ 100 *(b)   219,827 
        783,664 
Total U.S. Government Agency Securities (Cost $1,271,423)   1,186,235 
           
U.S. Treasury Obligations (27.7%)     
U.S. Treasury Notes     
 400,000   3.13%, 8/31/29   383,938 
 899,000   4.13%, 9/30/27   908,622 
 1,224,000   4.13%, 11/15/32   1,266,840 
 1,881,000   4.25%, 9/30/24   1,874,093 
Total U.S. Treasury Obligations (Cost $4,428,767)   4,433,493 

 

See notes to schedule of portfolio of investments.

 

- 9 -

 

 

Schedule of Portfolio Investments Moderate Duration Fund
November 30, 2022 (Unaudited) Concluded

 

Shares or
Principal
Amount
   Security Description  Value
     
Investment in Affiliates (10.4%)    
 1,670,873   Cavanal Hill Government Securities Money Market Fund, Select Shares, 3.67%(d)  $1,670,873 
Total Investment in Affiliates (Cost $1,670,873)   1,670,873 

 
Total Investments (Cost $18,886,426) — 108.8%   17,430,272 
Liabilities in excess of other assets — (8.8)%   (1,403,279)
Net Assets -100.0%  $16,026,993 

 

 

(a) Represents a restricted security, purchased under Rule 144A, Section 4(2), which is exempt from registration under the Securities Act of 1933, as amended. The security has been deemed liquid according to the policies and procedures adopted by the Board of Trustees.
(b) The rate for certain asset-backed and mortgage-backed securities may vary based on factors relating to the pool of assets underlying the security. The rate presented is the rate in effect at November 30, 2022.
(c) Step Bond: Coupon rate is set for an initial period and then increased to a higher coupon rate at a specified date. The rate shown is the rate in effect at November 30, 2022.
(d) Money market investment. The rate presented on the Schedule of Portfolio Investments is the rate in effect at November 30, 2022.
* Represents next call date. Additional subsequent call dates and amounts may apply to this security.
Mortgage backed securities are classified based on the characteristics of their underlying collateral, the fixed vs. variable nature of the obligations, and the credit standing of the mortgagors. The fixed or variable rate nature of securities interest payments to which the fund is entitled may not coincide with the payment nature of the collateral underlying the securities.

 

AGC Assured Guaranty Corporation
GNMA Government National Mortgage Association
H15T1Y 1 Year Treasury Constant Maturity Rate
LIBOR London Interbank Offered Rate
MTN Medium Term Note
SOFR Secured Overnight Financing Rate
US0001M 1 Month US Dollar LIBOR
US0003M 3 Month US Dollar LIBOR
US0012M 12 Month US Dollar LIBOR

 

See notes to schedule of portfolio of investments.

 

- 10 -

 

 

Schedule of Portfolio Investments Bond Fund
November 30, 2022 (Unaudited)  

 

Shares or
Principal
Amount
   Security Description  Value
         
Asset Backed Securities (13.5%)     
$825,000   Aligned Data Centers Issuer LLC, Series 2021-1A, Class A2, 1.94%, 8/15/46, Callable 8/15/24 @ 100*(a)  $696,143  
 17,033   Bear Stearns Asset Backed Securities, Inc., Series 2003-AC7, Class A1, 5.50%, 1/25/34, Callable 12/25/22 @ 100*(b)(c)   14,184  
 490,105   BRE Grand Islander Timeshare Issuer LLC, Series 2019-A, Class B, 3.78%, 9/26/33, Callable 5/25/26 @ 100*(a)   458,512  
 1,100,000   CoreVest American Finance Trust, Series 2021-2,Class B, 2.38%, 7/15/54, Callable 7/15/31 @ 100*(a)   832,884  
 990,000   DB Master Finance LLC, Series 2021-1A, Class A2I, 2.05%, 11/20/51, Callable 5/20/24 @100*(a)   848,056  
 98,500   Domino's Pizza Master Issuer LLC, Series 2021-1A, Class A2I, 2.66%, 4/25/51, Callable 10/25/25@100*(a)   80,602  
 1,490,000   Flexential Issuer, Series 2021-1A, Class A2, 3.25%, 11/27/51, Callable 11/25/25 @ 100*(a)   1,293,777  
 1,500,000   Hi-Fi Music Ip Issuer II L.P, Series 2022-1A, Class A2, 3.94%, 2/1/62, Callable 1/2/23 @ 100*(a)   1,343,629  
 968,035   Horizon Aircraft Finance III, Ltd., Series 2019-2, Class A, 3.43%, 11/15/39(a)   740,717  
 664,875    Jack In The Box Funding LLC, Series 2022-1A, Class A2I, 3.45%, 2/26/52, Callable 2/25/25 @ 100*(a)   578,078  
 928,477   Longtrain Leasing III LLC, Series 2015-1A, Class A2, 4.06%, 1/15/45(a)   856,955  
 641,507   MVW LLC, Series 2019-2A, Class A, 2.22%, 10/20/38, Callable 9/20/25 @ 100*(a)   604,899  
 515,000   Sabey Data Center Issuer LLC, Series 2020-1, Class A2, 3.81%, 4/20/45, Callable 11/20/23 @ 100*(a)   479,763  
 1,036,150   Sonic Capital LLC, Series 2020-1A, Class A2I, 3.85%, 1/20/50, Callable 1/20/24 @ 100*(a)   915,932  
 914,375   Stack Infrastructure Issuer LLC, Series 2019-1A, Class A2, 4.54%, 2/25/44, Callable 2/25/23 @ 100*(a)   892,698  
 18,159   Structured Asset Securities Corp., Series 2003-AL2, Class A, 3.36%, 1/25/31, Callable 12/25/22 @ 100*(a)   16,632  
 643,200   Taco Bell Funding LLC, Series 2018-1A, Class A2II, 4.94%, 11/25/48, Callable 11/25/25 @ 100*(a)   596,279  
 791,532   Textainer Marine Containers VIII, Ltd., Series 2AA, Class A, 2.10%, 9/20/45, Callable 12/20/22 @ 100*(a)   686,019  
 900,812   TIF Funding II LLC, Series 2021-1A, Class A, 1.65%, 2/20/46, Callable 2/20/23 @ 100*(a)   735,818  
 466,518   TRP-TRIP Rail Master Funding LLC, Series 2021-2, Class A, 2.15%, 6/19/51, Callable 6/17/23 @ 100*(a)   396,669  
 90,835   VR Funding LLC, Series 2020-1A, Class A, 2.79%, 11/15/50, Callable 11/15/23 @ 100*(a)   79,934  
 1,095,000   Wendy's Funding LLC, Series 2019-1A, Class A2I, 3.78%, 6/15/49, Callable 3/15/24 @ 100*(a)   1,003,670  

 

Shares or
Principal
Amount
   Security Description  Value
         
Asset Backed Securities, continued:     
$682,201   Willis Engine Structured Trust III, Series 17, Class A, 4.69%, 8/15/42, Callable 7/15/27 @ 100*(a)(b)  $559,499 
 879,283   Willis Engine Structured Trust VI, Series 2021-A, Class A, 3.10%, 5/15/46, Callable 5/15/29 @ 100*(a)   640,290 
 523,375   ZAXBY'S Funding LLC, Series 2021-1A, Class A2, 3.24%, 7/30/51, Callable 7/30/25 @ 100*(a)   428,584 
Total Asset Backed Securities (Cost $18,323,012)   15,780,223 
      
Mortgage Backed Securities† (10.3%)     
Alt-A - Adjustable Rate Mortgage Backed Securities (0.0%^)     
 53,493   Bear Stearns Alternative-A Trust, Series 2006-6, Class 32A1, 3.58%, 11/25/36, Callable 5/25/29 @ 100*(b)   28,282 
 2,836   JPMorgan Alternative Loan Trust, Series 2006-S4, Class A6, 6.21%, 12/25/36, Callable 12/25/22 @100*(b)(c)   2,699 
        30,981 
Alt-A - Fixed Rate Mortgage Backed Securities (0.9%)     
 6,323   Bank of America Alternative Loan Trust, Series 2006-4, Class CB1, 6.50%, 5/25/46, Callable 12/25/22 @ 100*   5,505 
 26,647   Chaseflex Trust, Series 2005-2, Class 1A1, 6.00%, 6/25/35, Callable 12/25/22 @ 100*   18,466 
 20,765   Chaseflex Trust, Series 2007-1, Class 1A3, 6.50%, 2/25/37, Callable 12/25/22 @ 100*   7,521 
 42,343   Countrywide Alternative Loan Trust, Series 2005-46CB, Class A3, 5.50%, 10/25/35, Callable 12/25/22 @ 100*   30,861 
 5,738   Countrywide Alternative Loan Trust, Series 2004-22CB, Class 1A1, 6.00%, 10/25/34, Callable 12/25/22 @ 100*   5,713 
 21,174   Countrywide Alternative Loan Trust, Series 2006-8T1, Class 1A4, 6.00%, 4/25/36, Callable 12/25/22 @ 100*   10,197 
 146,021   Countrywide Alternative Loan Trust, Series 2007-9T1, Class 1A7, 6.00%, 5/25/37, Callable 12/25/22 @ 100*   74,837 
 175,008   Countrywide Alternative Loan Trust, Series 2006-36T2, Class 2A4, 6.25%, 12/25/36, Callable 12/25/22 @ 100*   78,821 
 10,985   Master Alternative Loans Trust, Series 2005-3, Class 1A1, 5.50%, 4/25/35, Callable 10/25/25 @ 100*   9,975 
 35,299   Master Alternative Loans Trust, Series 2004-3, Class 3A1, 6.00%, 4/25/34, Callable 12/25/22 @ 100*   34,049 
 12,871   Master Alternative Loans Trust, Series 2004-6, Class 7A1, 6.00%, 7/25/34, Callable 12/25/22 @ 100*   11,895 
 13,200   Master Alternative Loans Trust, Series 2005-3, Class 7A1, 6.00%, 4/25/35, Callable 5/25/24 @ 100*   10,952 
 720   Master Alternative Loans Trust, Series 2003-7, Class 5A1, 6.25%, 11/25/33, Callable 12/25/22 @ 100*   706 
 5,759   Master Alternative Loans Trust, Series 2004-3, Class 2A1, 6.25%, 4/25/34, Callable 12/25/22 @ 100*   5,595 

 

See notes to schedule of portfolio of investments.

 

- 11 -

 

 

Schedule of Portfolio Investments Bond Fund
November 30, 2022 (Unaudited) Continued

 

Shares or        
Principal        
Amount   Security Description  Value
         
Mortgage Backed Securities†, continued: 
Alt-A - Fixed Rate Mortgage Backed Securities, continued: 
$690,466   Morgan Stanley Bank of America Merrill Lynch Trust, Series 2013-C11, Class A3, 3.96%, 8/15/46, Callable 8/15/23 @ 100*  $683,892 
         988,985 
Prime Adjustable Rate Mortgage Backed Securities (2.3%)
 418,271   GS Mortgage-Backed Securities Trust, Series 2021-GR2, Class A6, 2.50%, 2/25/52, Callable 1/25/42 @ 100*(a)(b)   357,012 
 904,464   GS Mortgage-Backed Securities Trust, Series 2021-PJ7, Class A8, 2.50%, 1/25/52, Callable 4/25/45 @ 100*(a)(b)   773,458 
 3,583   JPMorgan Mortgage Trust, Series 2006-A4, Class 3A1, 3.27%, 6/25/36, Callable 12/25/22 @ 100*(b)   2,547 
 107,221   JPMorgan Mortgage Trust, Series 2005-A6, Class 2A4, 4.24%, 8/25/35, Callable 12/25/22 @ 100*(b)   97,981 
 713,890   LSTAR Securities Investment, Ltd., Series 2019-4, Class A1, 7.62% (US0001M + 350 bps), 5/1/24(a)   706,751 
 9,227   Merrill Lynch Mortgage Investors Trust, Series 2004-HB1, Class A3, 3.67%, 4/25/29, Callable 12/25/22 @ 100*(b)   8,271 
 865,957   Starwood Mortgage Residential Trust, Series 2021-5, Class A1, 1.92%, 9/25/66, Callable 10/25/24 @ 100*(a)(b)   693,526 
 3,708   Structured Adjustable Rate Mortgage Loan Trust, Series 2006-5, Class 4A1, 3.60%, 6/25/36, Callable 12/25/22 @ 100*(b)   2,457 
         2,642,003 
Prime Fixed Mortgage Backed Securities (4.3%)
 285,980   Arroyo Mortgage Trust, Series 2019-3, Class A1, 2.96%, 10/25/48, Callable 12/25/22 @ 100*(a)(b)   261,319 
 2,327   Chase Mortgage Finance Corp., Series 2002-S4, Class A23, 6.25%, 3/25/32, Callable 12/25/22 @ 100*   2,109 
 97,441   Chaseflex Trust, Series 2006-2, Class A5, 4.45%, 9/25/36, Callable 12/25/22 @ 100*(b)   85,238 
 1,257,322   CIM Trust, Series 2021-J2, Class A4, 2.50%, 4/25/51, Callable 9/25/40 @ 100*(a)(b)   1,075,207 
 14,462    Citigroup Mortgage Loan Trust, Inc., Series 2005-1, Class 3A1, 6.50%, 4/25/35   13,768 
 2,000   Countrywide Home Loans, Series 2004-8, Class 1A3, 5.50%, 7/25/34, Callable 12/25/22 @ 100*   1,872 
 3,151   Countrywide Home Loans, Series 2004-18, Class A1, 6.00%, 10/25/34, Callable 12/25/22 @ 100*   .2,955 
 3,041   Countrywide Home Loans, Series 2004-21, Class A10, 6.00%, 11/25/34, Callable 12/25/22 @ 100*   2,737
 92,134   Credit Suisse First Boston Mortgage Securities Corp., Series 2005-9, Class 3A1, 6.00%, 10/25/35, Callable 12/25/22 @ 100*   30,628 
 101   First Nationwide Trust, Series 2001-3, Class 1A1, 6.75%, 8/21/31   94 
 732   GMAC Mortgage Corp. Loan Trust, Series 2003-GH2, Class A4, 5.50%, 10/25/33, Callable 12/25/22 @ 100*(b)(c)   717 

 

Shares or        
Principal        
Amount   Security Description  Value
         
Mortgage Backed Securities†, continued:    
Prime Fixed Mortgage Backed Securities, continued:    
$894,543   GS Mortgage-Backed Securities Trust 2022-Mm1, Series 2022-MM1, Class A8, 2.50%, 7/25/52, Callable 4/25/39 @ 100*(a)(b)  $759,383 
 12,359   JPMorgan Mortgage Trust, Series 2006-A2, Class 3A2, 2.75%, 4/25/36, Callable 12/25/22 @ 100*(b)   10,316 
 992,371   JPMorgan Mortgage Trust, Series 2019-6, Class A5, 3.50%, 12/25/49, Callable 4/25/23 @ 100*(a)(b)   896,140 
 16,922   JPMorgan Mortgage Trust, Series 2004-S2, Class 4A5, 6.00%, 11/25/34, Callable 12/25/22 @ 100*   14,765 
 848,092   Mello Mortgage Capital Acceptance Trust, Series 2021-MTG2, Class A10, 2.50%, 6/25/51, Callable 4/25/41 @ 100*(a)(b)   724,527 
 3,631   Nomura Asset Acceptance Corp., Series 2003-A1, Class A2, 6.00%, 5/25/33, Callable 12/25/22 @ 100*   3,438 
 85,262   RAAC, Series 2004-SP2, Class A22, 6.00%, 1/25/32, Callable 12/25/22 @ 100*   74,203 
 36,540   TBW Mortgage Backed Pass-Through Certificates, Series 2006-2, Class 7A1, 7.00%, 7/25/36, Callable 12/25/22 @ 100*   4,918 
 161,318   Washington Mutual Mortgage Pass-Through Certificates, Series 2005-3, Class 1CB5, 5.50%, 5/25/35, Callable 12/25/22 @ 100*   137,528 
 3,297   Washington Mutual Mortgage Pass-Through Certificates, Series 2004-CB1, Class 4A, 6.00%, 6/25/34, Callable 12/25/22 @ 100*   3,154 
 21,450   Washington Mutual Mortgage Pass-Through Certificates, Series 2004-RA1, Class 2A, 7.00%, 3/25/34, Callable 2/25/23 @ 100*   20,605 
 681,831   Wells Fargo Mortgage Backed Securities Trust, Series 2021-2, Class A3, 2.50%, 6/25/51, Callable 8/25/38 @ 100*(a)(b)   583,072 
 232,159   Wells Fargo Mortgage Backed Securities Trust, Series 2019-3, Class A1, 3.50%, 7/25/49, Callable 6/25/23 @ 100*(a)(b)   212,710 
 97,132   WinWater Mortgage Loan Trust, Series 2015-1, Class A1, 3.50%, 1/20/45, Callable 12/20/22 @ 100*(a)(b)    87,644 
        5,009,047 
Subprime Mortgage Backed Securities (0.4%)     
 215,189   Towd Point Mortgage Trust, Series 2017-6, Class A1, 2.75%, 10/25/57, Callable 12/25/25 @ 100*(a)(b)   204,481 
 86,434   Towd Point Mortgage Trust, Series 2018-1, Class A1, 3.00%, 1/25/58, Callable 2/25/25 @ 100*(a)(b)   83,079 
 240,865   Towd Point Mortgage Trust, Series 2018-2, Class A1, 3.25%, 3/25/58, Callable 10/25/26 @     
   100*(a)(b)   229,649 
        517,209 
U.S. Government Agency Mortgage Backed Securities (2.4%)     
 243,160   Fannie Mae, Series 2012-111, Class EC, 2.00%, 12/25/41   219,640 
 108,629   Fannie Mae, Series 2013-23, Class AB, 2.00%, 2/25/43   96,204 
 393,597   Fannie Mae, Series 2020-54, Class TA, 2.00%, 5/25/43   360,856 

 

See notes to schedule of portfolio of investments.

 

- 12 -

 

 

Schedule of Portfolio Investments Bond Fund
November 30, 2022 (Unaudited) Continued

 

Shares or
Principal
Amount
   Security Description  Value
         
Mortgage Backed Securities†, continued:    
U.S. Government Agency Mortgage Backed Securities, continued:    
$132,565   Fannie Mae, Series 2012-30, Class CB, 2.25%, 10/25/41  $121,504 
 8,079   Fannie Mae, 2.43% (H15T1Y + 231 bps), 12/1/27, Pool #422279   7,893 
 154,453   Fannie Mae, Series 2, Class JD, 2.50%, 2/25/50   130,264 
 95,199   Fannie Mae, Series 2010-100, Class LA, 2.50%, 7/25/40   88,746 
 157,700   Fannie Mae, Series 2012-111, Class QC, 2.50%, 5/25/42   144,151 
 38,978   Fannie Mae, Series 2014-61, Class P, 2.50%, 7/25/44   35,661 
 205,570   Fannie Mae, Series 2014-33, Class PE, 3.00%, 4/25/43   196,050 
 215,394   Fannie Mae, Series 2015-59, Class LM, 3.00%, 7/25/45   197,118 
 351,923   Fannie Mae, Series 2018-M12, Class A1, 3.55%, 8/25/30   342,448 
 10,184   Fannie Mae, Series 2002-W11, Class AF5, 4.98%, 11/25/32, Callable 12/25/22 @ 100*(b)(c)   9,512 
 182   Fannie Mae, 5.00%, 8/1/33, Pool #730856   188 
 87   Fannie Mae, 5.00%, 7/1/35, Pool #832198   89 
 119   Fannie Mae, 5.50%, 2/1/33, Pool #683351   123 
 76   Fannie Mae, 5.50%, 9/1/34, Pool #725773   79 
 941   Fannie Mae, Series 1998-36, Class ZB, 6.00%, 7/18/28   957 
 167   Fannie Mae, Series 1993-82, Class H, 7.00%, 5/25/23   166 
 19,769   Fannie Mae Whole Loan, Series 2003-W6, Class 6A, 3.57%, 8/25/42, Callable 12/25/22 @ 100*(b)   18,960 
 74,753   Freddie Mac, Series 4019, Class GB, 2.00%, 12/15/41   68,049 
 81,328   Freddie Mac, Series 4461, Class EA, 2.00%, 7/15/37   77,425 
 159,643   Freddie Mac, Series 3913, Class PC, 2.50%, 3/15/41   153,015 
 1,111   Freddie Mac, 3.13% (H15T1Y + 213 bps), 4/1/24, Pool #409624   1,093 
 96,797   Freddie Mac, Series 3721, Class PE, 3.50%, 9/15/40   91,830 
 35,572   Freddie Mac, Series 3780, Class MK, 3.50%, 10/15/40   33,760 
 250   Freddie Mac, Series 2610, Class VB, 5.50%, 7/15/24   250 
 187   Freddie Mac, 6.00%, 7/1/35, Pool #A36085   191 
 862   Freddie Mac, Series 2148, Class ZA, 6.00%, 4/15/29   876 
 518   Freddie Mac, 6.50%, 2/1/36, Pool #G08113   544 
 5,829   Freddie Mac, Series 2036, Class PD, 6.50%, 3/15/28   6,017 
 149,152   Government National Mortgage Assoc., Series 2013-69, 2.00%, 9/20/42   132,689 
 216,808   Government National Mortgage Assoc., Series 2009-94, Class KB, 3.00%, 9/16/39   207,618 
 87,047   Government National Mortgage Assoc., Series 2011-46, Class GJ, 3.25%, 1/16/41(b)   83,289 
 10,887   Government National Mortgage Assoc., Series 2009-93, Class HG, 4.00%, 9/16/39   10,694 
 153   Government National Mortgage Assoc., 7.00%, 9/15/23, Pool #347688   153 

 

Shares or
Principal
Amount
  Security Description  Value
     
Mortgage Backed Securities†, continued:    
U.S. Government Agency Mortgage Backed Securities, continued:    
$2,773   Government National Mortgage Assoc., 7.00%, 7/15/29, Pool #490215  $2,811 
 533   Government National Mortgage Assoc., 7.50%, 11/15/23, Pool #354701   533 
        2,841,446 
Total Mortgage Backed Securities (Cost $13,604,128)   12,029,671 
           
Corporate Bonds (23.7%)     
Aerospace & Defense (1.4%)     
 1,750,000   Boeing Co. (The), 3.25%, 2/1/28, Callable 1/12/27 @ 100 *   1,594,707 
Airlines (1.9%)     
 1,100,407   Alaska Airlines 2020-1, 4.80%, 8/15/27 (a)   1,045,368 
 1,182,413   United Airlines Pass Through Trust, Series 2020-1, Class A, 5.88%, 10/15/27   1,167,478 
        2,212,846 
Banks (3.4%)     
 2,475,000   Bank of America Corp., 3.31% (SOFR + 158 bps), 4/22/42, Callable 4/22/41 @ 100 *   1,857,658 
 1,350,000   JPMorgan Chase & Co., 2.52% (SOFR + 204 bps), 4/22/31, Callable 4/22/30 @ 100 *   1,113,016 
 1,350,000   Wells Fargo & Co., 3.07% (SOFR + 253 bps), 4/30/41, Callable 4/30/40 @ 100 *   989,437 
        3,960,111 
Beverages (0.6%)     
 800,000   PepsiCo, Inc., 2.75%, 3/19/30, Callable 12/19/29 @ 100 *   710,268 
Capital Markets (1.3%)     
 1,600,000   Goldman Sachs Group, Inc., 3.50%, 11/16/26, Callable 11/16/25 @ 100 *   1,519,702 
Diversified Financial Services (0.7%)     
 850,000   Korea Development Bank, 2.75%, 3/19/23   845,019 
Electric Utilities (0.8%)     
 1,000,000   Entergy Mississippi LLC, 3.25%, 12/1/27, Callable 1/9/27 @ 100 *   909,431 
Electrical Equipment (0.9%)     
 1,250,000   Emerson Electric Co., 2.20%, 12/21/31, Callable 9/21/31 @ 100 *   1,021,327 
Equity Real Estate Investment Trusts (REITs) (0.8%)     
 1,100,000   SBA Tower Trust, 1.88%, 1/15/26, Callable 1/15/25 @ 100 *(a)   967,401 
Financial Services (0.1%)     
 65,057   JBG/Rockville NCI Campus LLC, Series 2010-A, 3.90%, 7/15/23 (a)   64,969 
Food Products (1.8%)     
 1,059,000   Conagra Brands, Inc., 4.60%, 11/1/25, Callable 1/9/25 @ 100 *   1,045,279 
 320,000   Mars, Inc., 0.88%, 7/16/26, Callable 6/16/26 @ 100 *(a)   279,969 
 825,000   Mars, Inc., 3.20%, 4/1/30, Callable 1/1/30 @ 100 *(a)   742,179 
        2,067,427 
Health Care Providers & Services (2.6%)     
 1,000,000   Ascension Health, Series B, 2.53%, 11/15/29, Callable 8/15/29 @ 100 *   863,613 
 590,000   Montefiore Medical Center, 2.15%, 10/20/26, Callable 4/20/26 @ 100 *   539,131 
 1,050,000   Partners Healthcare Syst, Inc., Series 2020, 3.19%, 7/1/49, Callable 1/1/49 @ 100 *   747,679 
 890,000   Sutter Health, 3.70%, 8/15/28, Callable 5/15/28 @ 100 *   822,522 
        2,972,945 

 

See notes to schedule of portfolio of investments.

 

- 13 -

 

 

Schedule of Portfolio Investments Bond Fund
November 30, 2022 (Unaudited) Continued

 

Shares or        
Principal        
Amount   Security Description  Value
         
Corporate Bonds, continued:     
Hotels, Restaurants & Leisure (1.4%)     
$735,000   Hyatt Hotels Corp., 4.38%, 9/15/28, Callable 6/15/28 @ 100 *  $671,351 
 1,200,000   Starbucks Corp., 3.75%, 12/1/47, Callable 1/6/47 @ 100 *   935,583 
        1,606,934 
Household Durables (0.9%)     
 1,120,000   Harman International Industries, Inc., 4.15%, 5/15/25, Callable 2/15/25 @ 100 *   1,095,209 
Insurance (0.9%)     
 1,100,000   Jackson National Life Global Funding, 2.65%, 6/21/24 (a)   1,049,601 
Interactive Media & Services (1.0%)     
 1,300,000   Meta Platforms, Inc., 3.85%, 8/15/32, Callable 5/15/32 @ 100 *(a)   1,157,433 
IT Services (0.6%)     
 770,000   Western Union Co. (The), 6.20%, 11/17/36   752,717 
Oil, Gas & Consumable Fuels (0.7%)     
 900,000   Marathon Oil Corp., 4.40%, 7/15/27, Callable 4/15/27 @ 100 *   868,565 
Semiconductors & Semiconductor Equipment (1.9%)     
 97,000     Broadcom, Inc., 3.19%, 11/15/36, Callable 8/15/36 @ 100 *(a)   70,278 
 2,178,000   Broadcom, Inc., 4.15%, 11/15/30, Callable 8/15/30 @ 100 *   1,949,817 
 325,000   Intel Corp., 3.25%, 11/15/49, Callable 5/15/49 @ 100 *   225,900 
        2,245,995 
Total Corporate Bonds (Cost $32,560,155)   27,622,607 
      
Taxable Municipal Bonds (8.8%)     
Kentucky (0.5%)     
 750,000   Lexington-Fayette Urban County Airport Board Corp. Revenue, 2.84%, 7/1/31   645,897 
Michigan (0.1%)     
 190,000   Michigan State Housing Development Authority Revenue, Series B, 2.72%, 10/1/35, Continuously Callable @100   172,319 
Oklahoma (2.0%)     
 500,000   Grand River Dam Authority Revenue, Series B, 4.55%, 6/1/39, Continuously Callable @100   468,902 
 450,000   The University of Oklahoma Revenue, Series C, 2.45%, 7/1/32, Continuously Callable @100   365,087 
 1,650,000   University of Oklahoma Health Sciences Center General Revenue, Series A, 3.87%, 7/1/32, Continuously Callable @100   1,518,114 
        2,352,103 
Oregon (0.7%)     
 1,000,000   State of Oregon, GO, Series O, 1.70%, 8/1/32, Continuously Callable @100   766,823 
Pennsylvania (1.0%)     
 1,110,000   City of Bethlehem, GO, Series C, 5.15%, 11/1/34, Pre-refunded 11/1/24 @ 100, AGM   1,120,884 
Texas (3.3%)     
 1,000,000   Arlington Independent School District, GO, 5.00%, 2/15/26, PSF-GTD   1,016,318 
 1,000,000   Arlington Independent School District, GO, 5.00%, 2/15/27, PSF-GTD   1,020,846 

 

Shares or        
Principal        
Amount   Security Description  Value
         
Taxable Municipal Bonds, continued:     
Texas, continued:     
$1,250,000   Northwest Independent School District, GO, 1.78%, 2/15/31, Continuously Callable @100, TX PERMANENT SCHOOL FUND GUARANTEED  $999,729 
 785,000   Texas Transportation Commission State Highway Fund Revenue, 5.18%, 4/1/30   805,214 
        3,842,107 
Washington (1.2%)     
 1,200,000   County of King WA Sewer Revenue, Series B, 1.86%, 1/1/33, Continuously Callable @100   923,830 
 585,000   Pierce County School District No 10 Tacoma, GO, 1.90%, 12/1/33, SCH BD GTY   431,764 
        1,355,594 
Total Taxable Municipal Bonds (Cost $11,785,705)   10,255,727 
U.S. Government Agency Securities (13.0%)     
Federal Farm Credit Banks     
 750,000   1.32%, 9/9/30, Callable 12/15/22 @ 100 *   601,216 
 1,625,000*  2.00%, 9/27/33, Callable 12/15/22 @ 100   1,260,267 
  1,565,000     2.13%, 4/19/34, Callable 12/15/22 @ 100 *   1,222,394 
 1,408,000   2.15%, 3/7/36, Callable 12/15/22 @ 100 *   1,028,349 
 1,350,000*  2.23%, 3/12/35, Callable 12/15/22 @ 100   1,008,121 
 1,150,000   2.32%, 1/26/32, Callable 1/26/23 @ 100 *   966,835 
 1,220,000   2.75%, 2/2/37, Callable 2/2/23 @ 100 *   950,238 
        7,037,420 
Federal Home Loan Banks     
 1,100,000   1.00%, 10/29/29, Callable 1/29/23 @ 100 *(b)   941,869 
 1,000,000   1.00%, 2/11/36, Callable 11/2/23 @ 100 *(b)   726,019 
 1,345,000   1.25%, 10/8/30, Callable 12/15/22 @ 100 *   1,065,916 
 3,000,000   1.25%, 3/24/33, Callable 12/24/22 @ 100 *(b)   2,431,728 
 1,170,000   1.50%, 2/25/36, Callable 2/25/23 @ 100 *(b)   853,099 
        6,018,631 
Federal Home Loan Mortgage Corporation     
 897,506   Series 4893, 2.50%, 5/15/49   793,660 
Federal National Mortgage Association     
 876,   551 Series 2018-94, 3.50%, 1/25/49   822,804 
 479,287   Series 2022-35, 4.00%, 3/25/47   464,221 
        1,287,025 
Total U.S. Government Agency Securities (Cost $16,595,456)   15,136,736 
      
U.S. Treasury Obligations (25.6%)     
U.S. Treasury Bonds     
 6,270,000   1.75%, 8/15/41   4,348,588 
 9,415,000   2.00%, 8/15/51    6,344,827 
        10,693,415 
U.S. Treasury Notes     
 3,715,000    3.13%, 8/31/29   3,565,820 
 7,491,000    4.13%, 9/30/27   7,571,177 
  3,808,000   4.13%, 11/15/32  3,941,280
 4,000,000    4.25%, 9/30/24   3,985,312 
        19,063,589 
Total U.S. Treasury Obligations (Cost $32,736,003)   29,757,004 
      
Investment in Affiliates (5.0%)     
 5,805,552   Cavanal Hill Government Securities Money Market Fund, Select Shares, 3.67%(d)   5,805,552 
Total Investment in Affiliates (Cost $5,805,552)   5,805,552 
      
Total Investments (Cost $131,410,011) — 99.9%   116,387,520 
Other assets in excess of liabilities — 0.1%   76,288 
Net Assets -100.0%  $116,463,808 

 

See notes to schedule of portfolio of investments.

 

- 14 -

 

 

Schedule of Portfolio Investments Bond Fund
November 30, 2022 (Unaudited) Concluded

 

 

(a)Represents a restricted security, purchased under Rule 144A, Section 4(2), which is exempt from registration under the Securities Act of 1933, as amended. The security has been deemed liquid according to the policies and procedures adopted by the Board of Trustees.

(b)The rate for certain asset-backed and mortgage-backed securities may vary based on factors relating to the pool of assets underlying the security. The rate presented is the rate in effect at November 30, 2022.

(c)Step Bond: Coupon rate is set for an initial period and then increased to a higher coupon rate at a specified date. The rate shown is the rate in effect at November 30, 2022.
(d)Money market investment. The rate presented on the Schedule of Portfolio Investments is the rate in effect at November 30, 2022.
*Represents next call date. Additional subsequent call dates and amounts may apply to this security.
^Represents less than 0.05%.
Mortgage backed securities are classified based on the characteristics of their underlying collateral, the fixed vs. variable nature of the obligations, and the credit standing of the mortgagors. The fixed or variable rate nature of securities interest payments to which the fund is entitled may not coincide with the payment nature of the collateral underlying the securities.

 

AGM Assured Guaranty Municipal Corporation
GO General Obligation
H15T1Y 1 Year Treasury Constant Maturity Rate
LIBOR London Interbank Offered Rate
PSF-GTD  Public School Fund Guaranteed
SCH BD GTY School Board Guaranty
SOFR Secured Overnight Financing Rate
US0001M 1 Month US Dollar LIBOR

 

See notes to schedule of portfolio of investments.

 

- 15 -

 

 

Schedule of Portfolio Investments Strategic Enhanced Yield Fund
November 30, 2022 (Unaudited)  

 

Shares or
Principal
Amount
    Security Description   Value
             
Mortgage Backed Securities† (21.4%)        
Prime Fixed Mortgage Backed Securities (2.2%)        
$ 354,239‌     Brean Asset Backed Securities Trust, Series 2021-RM1, Class M1, 1.60%, 10/25/63, Callable 9/25/27 @ 100*(a)   $ 194,831‌  
U.S. Government Agency Mortgage Backed Securities (19.2%)        
  90,000‌     Fannie Mae, 2.13%, 4/24/26     84,339‌  
  311,630‌     Fannie Mae, 4.50%, 10/1/52, Pool #MA4784     302,580‌  
  270,000‌     Fannie Mae, 5.50%, 12/1/52, Pool #MA4842     273,133‌  
  448,595‌     Freddie Mac, 4.00%, 11/1/52, Pool #SD8265     423,325‌  
  310,565‌     Freddie Mac, 5.00%, 10/1/52, Pool #SD8258     308,527‌  
  269,487‌     Government National Mortgage Assoc., 3.50%, 10/20/52, Pool #MA8345     249,620‌  
            1,641,524  
Total Mortgage Backed Securities (Cost $1,951,849)     1,836,355‌  
Corporate Bonds (38.0%)        
Aerospace & Defense (4.1%)        
  180,000‌     Embraer Netherlands Finance BV, 5.40%, 2/1/27     172,800‌  
  90,000‌     Howmet Aerospace, Inc., 5.90%, 2/1/27     89,100‌  
  90,000‌     The Boeing Co., 5.04%, 5/1/27, Callable 1/3/27 @ 100 *     89,001‌  
              350,901‌  
Automobiles (1.4%)        
  90,000‌     Ford Motor Co., 3.25%, 2/12/32, Callable 12/11/31 @ 100 *     71,456‌  
  45,000‌     General Motors Co., 5.40%, 10/15/29, Callable 8/15/29 @ 100 *     43,324‌  
              114,780‌  
Banks (6.2%)        
  90,000‌     Bank of America Corp., 3.42% (US0003M + 104 bps), 12/20/28, Callable 12/20/27 @ 100 *     81,932‌  
 </